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Silver prices have broken above the key technical resistance of $35 per ounce on the COMEX and have rallied over 6% since Jun. 5, supported by robust industrial demand and sustained deficit in the global market. The prices could rise further to $40 per ounce in 2025 due to the distortions between the New York and London markets, Daniel Ghali, senior commodity strategist at TD Securities, was quoted as saying by Kitco.
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